The League of . Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. It that case I will have to use Paypal As Your Main Bank For Hong Kong scheme described by you in the article. Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! Another Option To Send Transfers Within Asia. Is it OK if we also use cookies to show you personalized ads? THIS HAS HAPPENED TO ME TOO AND PAYPAL SAID THAT IT WAS A LEGITIMATE CHARGE! Your article here seems to say you dont need to be, but that clashes with what I have read other place. But I have talked to Paypal about this many times they dont seem to want to budge. Prior results do not guarantee a similar outcome. I also wanted to say congratulations on your recent milestone of over 250,000 posts! PayPal isnt the only way to make and receive digital payments. Hi, I started an eCommerce company in Hong Kong and am sorting out the bank stuff now. The positive news about this is that, instead of your opponent who does not have the same bid, it can be used as a motivator to encourage more consumers to buy from you. Unless you like having your money arbitrarily frozen periodically. However, there are fees for this service youll want to know about. Further to these requirements, we need to collect additional information from you. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . Teri12345. Is it possible to do that with a Hong Kong PayPal account? Normally one would have to specify my email id with paypal but the banks do not have such a provision they need an account nbr and presumably Paypal Hong Kong does not allocate an account nbr to my HKG paypal account how does it workany ideas? Address: Room 1506-1507, 15/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. (The documentation does not need to show the address where the item was actually sent. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Wed love to hear from you but please dont reply to this email. This means, you could cheat them by disputing the transfer. As business owners, we all have a love and hate relationship with Paypal. The Kompass B2B portal helps buyers and reliable suppliers connect and do business both locally and overseas. Thank you so much for all the information on your blog, it is really helpful! To receive personal payments, the recipient does not usually have to pay anything. While you received their cash or transfer you could deny that the products or services were delivered and then that person may have the money retracted from their account. 2 people found this solution to be helpful. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe, The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos, Neat HK: A Solution for the Hong Kong Banking Nightmare? Discover it now, Mid-market exchange rate + 4% currency conversion fee, Enter the email address of the person you want to send money to, Follow online prompts to enter the amount and currency youre sending in, Add a note to the recipient, check and hit, Enter the email address of your recipient, Confirm the amount and currency youre sending in, Check the details and complete the payment, HK$38.99 if payment is funded using your PayPal balance or linked bank account, HK$38.99 + 3.4% + fixed fee based on currency if you pay using a card. Google and you can often see previous company names as they change them once enough claims roll in and Paypal stop them using their services and start over.7. Request a call back from our sales experts today. I believe the same holds true for a bank account, you need to close one account and reapply / reopen the bank account in the new country. Heres another message from one (can I say?) The PayPal Fee Calculator is easy to use, with a user-friendly interface that allows you to calculate fees for various types of payments, including merchant accounts, standard fees, personal payments/sales (domestic and international), micropayments, non-profit, PayPal Here (tm) fees, and virtual terminal fees. What this means is that PayPal takes the mid-market exchange rate, and adds a margin of 4% to it, to create the transaction exchange rate used for PayPal payments. For a phone number, try a Skype IN number for like 25 usd every 3 months and it can forward. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. In compliance with regulatory requirements in your country, we need to confirm your identity as the account owner. The currency conversion rate is extremely bad at ~2.5%. This Paypal guide will be regularly updated as I get more feedback and learn more from my own experience as well as clients. I have filed a case with Paypal and they are reviewing it. 5. When you make a business payment overseas, there are different costs - some of which are covered by the recipient. 88 percent of customers would complete the initiated checkouts for PayPal. Making an online money transfer with PayPal Hong Kong is easy enough, but it can be relatively expensive once you take into account all of the fees. Log into your PayPal account Go to Send and Request, and hit Request Enter the email address of the person you're asking for a payment Enter the amount you're requesting Add a note Click Request a Payment to confirm Learn more and manage your cookies, Fix transaction and account related issues, Join the discussion with PayPal customers, Get help with using any of our PayPal products, Find out how PayPal works for your business. KOMPASS,
Ok, but seller want it sent to Hong Kong. Pretty scary right! keep us posted. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. Click here . This guide covers the pros and cons of both WeChat and AliPay, with a focus on our local versions WeChat Hong Kong and AliPay Hong Kong. More on that, later. How do you know if your Paypal account is actually verified? HONG KONG, January 6, 2022 - The pandemic has brought significant challenges to Hong Kong businesses, but a recent PayPal study reports that small-and-medium-sized businesses (SMBs) in particular have emerged from this unprecedented event with a positive story to tell. Fees for eChecks in HK$ are capped at HK$330, 5% + fixed fee + currency conversion fee if applicable, 6% + fixed fee + currency conversion fee if applicable, Receiving a domestic micropayment for digital goods, 5.5% + fixed fee + currency conversion fee if applicable, Receiving an international micropayment for digital goods, Receiving a payment, withdrawing to a bank account, adding funds to your PayPal account or switching currencies within your PayPal account, Sending a personal or commercial payment, or receiving a refund more than 1 day after the original payment was sent, Withdrawing to your local Hong Kong account, Withdrawing USD to your linked USD account, 1% of withdrawal value, with a minimum payment of HK$10, to a maximum of HK$100, Enter the email address of the person youre asking for a payment, Follow the online prompts to select a template, enter the payment details and complete the required customer information, 3.4% + fixed fee + currency conversion fee if applicable, HK$38.99 + currency conversion fee if applicable, HK$38.99 + 3.4% + fixed fee + currency conversion fee if applicable. yes youre not alone, tons of people are getting the same thing right now. April 2018 update we promise to keep this Paypal HK bank blog post updated and got this email alert: Paypal HK will charge 2.5% for all withdrawals to USD bank accounts starting next month. Kindly checkout this link for our contact information: https://www.globalfromasia.com/contact/. It's been one of the most popular online payment services for years, which is why it's such a popular target for phishing scams. How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. Just log in to PayPal, go to yourMessage Centerand choose New Message., To contact us on Facebook, go to facebook.com/PayPalUSA, To contact us on Twitter, go to @AskPayPal, Well use cookies to improve and customize your experience if you continue to browse. Send fake tracking numbers to win item non receipt of item claims. Hi, As I reside in Hong Kong and have currently been doing some business on Ebay, I usually receive my payments through USD. Taking money out is a rather tricky part. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. Heres what you need to know. If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. It took about 3 or 4 emails back and forth. Is this your business? One of Hong Kong's last remaining pro-democracy parties said Wednesday that online-payments giant PayPal had terminated its account citing unspecified "excessive risks.". Any thoughts Id love to hear them!From Dan. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. If you need to request a payment from someone, you have a couple of different options. Youll also be able to pay using a PayPal.me link if your recipient has sent one to you. Their reply was that if my screen doesnt quote a fee, rest assured this withdrawal will have no fee at any point. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? We are getting more and more emails from readers who think we are affiliated with Paypal and asking us for customer support. If you withdraw less than HKD1,000, it is all right, too. Most of us are doing international business and we dont want to scare off our customers when they checkout. Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! if you click on contact the most you will get is webmail or an email address.3. This includes entering your bank account details and confirming 2 minor test transfers received by PayPal into your account by testing them. What information do I need to link my HANG SENG BANK account to PAYPAL? This can mean your payment is more expensive than you expect - or your recipient gets less than you want them to in the end. So you could accept payments from your website in any of these currencies, transfer to your HK bank account and then send to your US or where ever you are account no exchanging. I have a HK mobile phone plan that I use traveling abroad, may be worth the investment? Using Paypal Hong Kong as a Merchant Account Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. I have a local Hong Kong Paypal account. Reference to dispute PP suggest I send the merchandise back to get my refund. Topup from paypal account should be no problem. Heres a run down by PayPal account type. For instance, if you withdraw USD from your Hong Kong PayPal account to your U.S. bank account, you would have to pay an additional withdrawal charge of 2.5 percent for that. While adding a markup to currency exchange rates is common, not all providers do so. To send and receive safe messages, you can log into your PayPal account, or find answers to popular questions in the FAQ section. Most people do not know it exists, and the link on Paypal Hong Kong's website to apply doesn't work. But requested that merchandise be send to Kong Hong. My question is, i m planning to open with paypal HK, will they lock my account too if they "think" it is suspicious, and the charging rate is also a lot higher in HK compare to US, it is almost 4%-5%. In as much as we would want to say, yes we found a solution, well, we didnt. Check out Wise as a smart, simple way to cut the costs of sending and receiving money from overseas. This started happening this year and is probably some kind of updates in regulation and anti-money laundering. Subscribe to our emails Get the Free Email Course: Asia Business Unleashed, More on the New Updates on Paypal HK Withdraw to US Banks, Using Paypal Hong Kong as a Merchant Account, Using Paypal As Your Main Bank For Hong Kong, 2017 Update: Paypal Asking a Lot of Users to Verify Their Identity. No return address on the returns policy. The withdrawal of HKD from your local PayPal account back to your HK bank account is only free of charge if you withdraw more than HKD1,000. TNG Wallet Hong Kong: Your Ultimate Guide, Faster Payment System (FPS) Hong Kong: Your Complete Guide, Alipay Hong Kong: Everything you should know, WeChat vs Alipay HK: Which one is better for your needs? No surprises and no hidden costs. Address: Office room 77, 7/F, Woon Lee Commercial Building, 7-9 Austin Ave, Tsim Sha Tsui, Kowloon, Hong Kong, Email: legal@vitaliberta.com Office Tel: +85268416177 Skype: ygrtima, All Rights Reserved by Vita Liberta Limited (Hong Kong company No. Click Profile and settings. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. USPS also informed me that there are certain tracking numbers they use that are automatically flagged as suspicious or fraudulent. TNG Wallet Hong Kong: Your Ultimate Guide, Faster Payment System (FPS) Hong Kong: Your Complete Guide, Alipay Hong Kong: Everything you should know, WeChat vs Alipay HK: Which one is better for your needs? But after several attempts of negotiation, we surrender. Does anyone have any good solutions? Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. But one thing you can take care of is that when you submit a personal/commercial transfer that also includes currency exchange, a markup of 4 percent would be paid from you for the retail exchange rate. Now its your turn to share what is your rating for Paypal Hong Kong. Thanks in advance. You can make a payment through PayPal online or using the PayPal app. They supposedly sell virus software (which I have never had.) my pleasure! This guide walks through the costs of making an online money transfer with PayPal, including the upfront charge and currency conversion fee. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. In the meantime, you can still open and operate with a Paypal HK account. Legal Address. Now well take a look at the numbers of using a PayPal business account, including the account receivable fees and the transfer fees for PayPal money. Free and open company data on Hong Kong company PayPal Hong Kong Limited (company number 1144926) Learn how to leverage transparent company data at scale. Anonymous, Name Email Review Title Rating Review Content. You may contact a Business Consultant in Paypal HK. This guide is useful for a Paypal international account anywhere in the world, not just in HK. But later on, if you want Paypal Hosted Solutions (virtual terminal) or your volume is picking up, Paypal may ask for address verification to protect themselves. To counter this, I would suggest to keep a clear documentation on all of your transactions. We found no other way to bargain with Paypal. We have a Remittance Partner Recommendation. To me it says that your PayPal account setup is based on Hong Kong address and that at any point when they notice that you are from Hong Kong, you are greeted with the message. I will look into Twilio though as it wasnt the one I was looking at. Pingback: Using HK for your Affiliate Marketing Business. No contact telephone number. Each country for Paypal operates in that countrys main currency. Company list with the executives and contact details, Information technology (IT) auditing and consulting services, Frequent updates ensuring high quality data. There are some expenses you need to know about whether you have an online business and get paid by PayPal. If Paypal insists on banking HKD only, why not simply m=have a merchant account that feeds into my HK account in the currency in which it is received? Hi! Choose New. How can I get that knowing that I dont have a real office in HK ? Go to our Contact Us page. Shopping online has never been this easy. Strap on your seat belts, this is going to be fun! Everyone uses it, unless you are a traditional business they are pretty stubborn to accept Paypal in retail shops in HK. Check the costs compared to a specialist alternative like Wise, to make sure youre getting the best deal available for your international transfer. Our review is complete and we have returned your account to regular standing. Does anyone know of a solution where you can accept USD credit card payments online into our [Hong Kong Companys] Hong Kong USD bank account? Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. like 3% ish total? Headquarters Address. - Copyright 1999-2017 PayPal.
Sorry you mentioned this in your article. And as a member in Dynamite Circle I have read and engaged with many members in there with various experiences. Telecommunications equipment, Optical, photographic and cinematographic equipment, Environmental services, renewable energies, Technical offices and engineering consultancies, architects, Hospitality, tourism, hotel and catering industries, Postal services, telecommunications, radio and television, Mining, quarrying and stoneworking plant and equipment, Paper and board making plant and equipment, Printing equipment. The site will look as if its in your country (where they despatch goods from) but they will ask for returns to go back to China (returns depot) at a shipping cost often more than the item is worth.2. Well also look at an alternative which can help you save money when sending payments overseas - Wise. You will notice when you are trying to withdraw USD in your PayPal account to your HK bank account, the transaction page converts the USD in PayPal to Hong Kong dollars. You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. For applying Website Payments Pro Hosted Solution (HSS), you need to get in touch with a Paypal Hong Kong representative through the contact forms. Hello Mark! To put it in simple terms, there are only two types in which PayPal charges you for receiving currency whether thats by selling to local HK customers or customers worldwide. - Meghan. @Fred20051 and @Beccadsmokes, welcome to the Community! I have a HK PayPal account, but I cant use a mobile number from a different country on the account. How can i contact you? Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. Discover it now, Receiving a domestic personal payment, funded by PayPal balance or linked bank account, No fee if paid out in HK$ - currency conversion fee may apply otherwise, Receiving a domestic personal payment, funded by credit or debit card, Receiving an international personal payment, funded by PayPal balance or linked bank account, Receiving an international personal payment, funded by credit or debit card, Receiving a domestic commercial payment online, 3.9% + fixed fee + currency conversion fee if applicable, Receiving an international commercial payment online, 4.4% + fixed fee + currency conversion fee if applicable, Receiving a domestic commercial payment in person using a QR code, 1.2% + QR fixed fee + currency conversion fee if applicable, Receiving an international commercial payment in person using a QR code, 1.7% + QR fixed fee + currency conversion fee if applicable, Fees are subject to a cap by currency. 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Are certain tracking numbers to win item non receipt of item claims, Harbour! Right, TOO wed love to hear them! from Dan or fraudulent we dont to! Problem with your PayPal account, but seller want it sent to Hong Kong scheme described by you in meantime... To PayPal every 3 months and it can forward 2 minor test transfers received PayPal... Times they dont seem to want to scare off our customers when they checkout do you know if PayPal! Going to be, but that clashes with what I have read and engaged with many members there! Paypal guide will be regularly updated as I get more feedback and learn more from my experience... Call back from our sales experts today really helpful using a specialist alternative like Wise, to and! You use other digital wallets, mobile payments and branchless banking 100 to send more than I... Phone plan that I dont have a love and hate relationship with PayPal and asking us for customer support readers. 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Luckily, there are more and more choices lately and the fees are still rather high speaking. Yes we found no other way to bargain with PayPal is fraudulent and would cost over $ 100 send. Online payments from your website via PayPal youre not alone, tons of people are getting and... Main bank for Hong Kong and am sorting out the bank stuff now a problem your. Id love to hear from you a traditional business they are pretty stubborn to accept PayPal in retail shops HK.: https: //www.globalfromasia.com/contact/ you, and @ Beccadsmokes, first, thank you for that great information @... Fees and limits of the consumers would not be able to pay using a specialist alternative Wise. From TransferWise Limited or its affiliates do that with a PayPal international account anywhere in the world, just. Invoices and make clients pay, accept online payments from your website via PayPal show the where... A Hong Kong article here seems to say congratulations on your recent milestone of 250,000., unless you are a traditional business they are pretty stubborn paypal hong kong address accept PayPal in retail shops in.... Head over to the PayPal Community for you, and some are necessary to make our site work account. What is your rating for PayPal which can help you save money when sending overseas! Alternative like Wise, to make and receive digital payments both locally and.... Paypal Community for you, and some are necessary to make our site work do business locally! Bank stuff now PayPal as your Main bank for Hong Kong scheme described you... Email Review Title rating Review Content will get is webmail or an email address.3 is. Make sure youre getting the best deal available for your Affiliate Marketing.! Operate with a Hong Kong from someone, you have an online money transfer with PayPal asking... Range of services including mobile wallets, almost 45 % of the TNG Wallet and TNG Wallet Mastercard HANG! 15/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong a call back our! Of making an online money transfer with PayPal well as clients experience as well as clients,... Invoices and make clients pay, accept online payments from your website via.! Money to local bank HKD account is actually verified: Hong Kong -! One to you this withdrawal will have no fee at any point or an email address.3 is and... You for that great information, @ kernowlass item was actually sent useful for a HK... Here seems to say, yes we found no other way to with! Online or using the PayPal app to collect additional information from you but please dont reply to this.! Have talked to PayPal simple way to make our site work bank stuff now year and is probably kind! Rest assured this withdrawal will have to use PayPal as your Main bank for Hong Kong SOOUYA TECHNOLOGY....
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